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Robinsons Retail aims to boost online sales

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MANILA: Robinsons Retail Holdings Inc plans to increase its e-commerce business to between 2% and 3% of total sales this year by expanding the company’s online presence through its own Internet platforms and others.

The Philippine retailer’s e-commerce sales reached 1.1% of total revenue last year, up from 0.4% in 2019, as consumers migrated to online purchases because of the pandemic, according to a release from the company distribute­d in a virtual investors’ briefing Friday.

Robinsons Retail s profit fell 25% last year as net sales dropped 7.3% to 151.03 billion pesos (Us$3.11bil).

The company would add more business units in Gorobinson­s, one of three e-commerce platforms it operates, and will continue selling via third-party platforms, it said.

Robinsons Retail, which operates supermarke­ts, grocers, drug stores and specialty shops, said it’s budgeting between three billion pesos and five billion pesos this year to add 80 to 120 stores.

Spending fell 40% to two billion pesos in 2020 as the pandemic curbed expansion and consumer demand.

Growsari Inc, a grocery-delivery service for smaller stores, plans to double its number of clients this year and increase gross merchandis­e value as much as three-fold from two billion pesos in 2020.

Robinsons Retail forecasts growth in same-store sales will be flat to 3% this year after shrinking 8.9% in 2020.

The company forecasts that its gross margin this year will be unchanged or will rise by up to 20 basis points after it slipped to 21.8% of sales in 2020. — Bloomberg

 ?? — Reuters ?? Consumer trend: Buyers migrated to online purchases because of the pandemic, according to the company.
— Reuters Consumer trend: Buyers migrated to online purchases because of the pandemic, according to the company.

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